Record Retail Sales in April
Released on June 20, 2014
Saskatchewan shoppers continue to show confidence in the economy, according to new retail sales figures for April 2014. Statistics Canada reported today that retail sales totalled $1.6 billion, a record for the month of April.
“Consumers recognize the Saskatchewan economy is on solid footing which raises confidence and increases household spending,” Economy Minister Bill Boyd said. “The rise in retail sales is good for the province and contributes to our economic growth.”
There was a 6.4 per cent increase over last year’s retail sales, which marked the third best increase among Canadian provinces. Nationally, retail sales were up 5.1 per cent.
“Retail sales are one indicator the economic experts watch when rating growth,” Boyd said. “Today’s report is good news – and shows Canada’s western provinces are leading the nation.”
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